Leverage Shares Launches Pioneering Covered Call ETPs on Single Stocks in Europe

Leverage Shares has debuted Europe's first ETPs offering covered call strategies for single stocks, launching three on the London Stock Exchange. NVDI and TSLI invest in NVIDIA and Tesla, respectively, while GLDE holds gold. These ETPs, with TERs of 0.35% to 0.55%, sell weekly out-of-the-money call options, aiming to provide consistent income while limiting potential upside returns. Leverage Shares plans to expand the range in the coming months, following a previous lineup focused on AI and semiconductor stocks.